@Luis Lopez Valencia thanks for your piggyback post about your current ADU project. Pioneers/people doing new things aren't always rewarded for their efforts in the short term. Yes, your property will be the comp for others.
I think what this new ADU house market will do is highlight and organize a new niche of buyers, people who are interested in house hacking and saving money per month on their mortgage payments and get into a duplex/investment property. That's the buyer we originally had before his funding Del through.
I’m curious about that appraisers meeting in Sacramento. What group is organizing it/sponsoring it? Any details about it you can share?
@Dan Heuschele and @aaro thanks for your comments! Yea when I ran the numbers on my property the costs per month are higher than the mortgage so it doesn't make as much sense for an investor to buy it, unless for the appreciation over time as more of these ADU properties are built and sold as as demand for housing only increases in LA/california over time. That being said, it definitely makes sense for an individual, single family or multi generational/extended family. My property for instance, to buy just the 3/1 front house as is would be over 900k. Then for 1.35m you get an additional, BRAND NEW, 3/2.5 house. No where can you get two houses with 3 bedrooms for that price in west Los Angeles. The mortgage for the 3/1 alone would be almost 5k per month but for about 7k per month you get two. Rent the front for 3.5k-4K per mon and live in the brand new one for 3-3.5k per month since the renters are paying front house plus utilities.